Synopsis
The Finance Minister Nirmala Sitharaman’s first post-Covid budget had several measures to bring the unorganised working class into the mainstream economic fold.
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The FM, while observing that the country’s Social Security Code 2020 has made provision for universalisation of social security for the entire workforce.
Thanks to the pandemic, the Union Budget 2021-22 not only recognized the vulnerabilities typical of the country’s migrant, gig and platform workers but has also offered some solutions. In her first post-Covid budget speech, the Finance Minister Nirmala Sitharaman announced that for the first time globally, social security benefits will extend to gig and platform workers. The FM also announced various other measures to help the migrant workers in the country.
FactMR: Large-Scale Urbanization Stimulate Submersible Pumps Sales: Fact.MR
Sharper focus by governments to ensure clean water availability is heightening submersible pumps uptake for water treatment operations
ROCKVILLE, MD / ACCESSWIRE / January 28, 2021 / The global submersible pump market is likely to experience moderate gains through 2021, according to a recently published forecast on the landscape by award winning market research company Fact.MR. As per Fact.MR s projections, the market is poised to register a slight increase over 2020, with the resumption of construction and infrastructure development projects post the COVID-19 lockdowns.
Given the gradual recovery rate across key industries, growth projections for the next decade appear largely sluggish. Anticipated CAGR for the 2021-2031 forecast period is expected to be valued at just over 3%. In spite of this stunted estimate, expansion prospects are expected to remain promising, given the increased scramble for achievi
‘Our objective is not sales, but cash flow and profit’
The international arm of Kirloskar Brothers Ltd. is planning to streamline operations of the business and aims to be debt-free soon,
Alok Kirloskar
said in an interview. Edited excerpts:
How big is the international business and what is the focus?
The international business accounts for a little over 40-45% of KBL’s revenues. Our objective is not sales, but cash flow and profit. In these difficult times, we had focused on realigning the business. We plan to shrink the business and release the cash and enhance profitability. The focus is on improving the balance sheet. We have been doing that at KBL for the last 10 years. In March, at the net debt level, we [KBL] are almost debt-free and the next two quarters have shown similar improvements in our balance sheet position. The same focus is on the international side. We are focussing on bettering the balance sheet. We feel that stronger balance sheets in difficult times